In this episode of Financial Clarity for Doctors, Corey and Rachelle talk about the pros and cons of paying extra on your mortgage.  When interest rates were lower, there was not a lot of incentive to pay down a very low-interest rate debt faster than necessary.  But with higher rates, it may make sense for you.

Some things to consider include:

The mortgage pay off sheet from the bank will give you a bad case of sticker shock.  No one likes to see that total interest paid amount.  But consider all of the ways you can productively use extra cash flow before deciding that paying down your mortgage is the right choice for you.  To hear more, listen to the full episode.

For more financial planning tips from Corey and Rachelle, find them on social media!

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.